Section 73A of the Income Tax Act, 1961, governs the treatment of losses incurred in specified businesses under Section...
The Post Office has been a trusted place for depositing and transacting with money. This is especially...
Section 206C(1G) of the Income Tax Act, 1961 mandates Tax Collected at Source (TCS) on:
Outbound remittancesunder...
1. Overview
Introduced: Finance Act 2021 (effective from 1st July 2021).
Purpose: Imposes higher Tax...
1. Enabling the Commissioner (Appeals) to levy Penalty under Section 271AAB. 271AAC and 271AAD of the...
The commuted value of pension refers to the lump sum amount received by an employee in lieu of a portion...
Special Provisions for computing Business income in certain cases on the basis of Estimated Income Method...
Here’s a detailed analysis of the tax treatment of family pension payments received by legal heirs of...
Section 144A of the Income Tax Act, 1961, empowers the Joint Commissioner (JCIT) to intervene in pending...
Section 10(23FBB) of the Income Tax Act deals with taxation of business income earned by unit holders...
Section 193 of the Income Tax Act, 1961, mandates Tax Deducted at Source (TDS) on interest earned from...
Section 285BB of the Income Tax Act, 1961, mandates the Income Tax Department to provide taxpayers with...
Section 10(30) of the Income Tax Act provides a tax exemption for subsidies received by tea growers and...
Section 145 of the Income Tax Act, 1961 governs the method of accounting for computing taxable income...
Under Section 234C of the Income Tax Act, taxpayers are generally required to pay advance tax in instalments....
Under the Indian Income Tax Act, 1961, the taxability of income from letting out of machinery, plant,...
Under Section 10(35A) of the Act, any income received by an investor from a securitisation trust is exempt...
Section 10(10A) of the Income Tax Act in India relates to the tax treatment of payments made in commutation...
Understanding the intricacies of advance tax and self-assessment tax is crucial for both compliance and...
Under the Income Tax Rules/ Act, certain taxpayers are required to get their accounts audited and submit...